https://www.taxtmi.com/circulars?id=8139 The Circular consolidates the procedure for Compounding of Contraventions under FEMA, 1999, describing the voluntary application process to the Compounding Authority (Reserve Bank or Directorate of Enforcement), prerequisites and exclusions (quantifiability of amount, repeat contraventions within three years, national security/money laundering concerns), the 180 day disposal timeframe, factors for quantifying the compounding sum, mandatory payment within fifteen days by demand draft, and referral of certain matters to investigative agencies. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8139 The Circular consolidates the procedure for Compounding of Contraventions under FEMA, 1999, describing the voluntary application process to the Compounding Authority (Reserve Bank or Directorate of Enforcement), prerequisites and exclusions (quantifiability of amount, repeat contraventions within three years, national security/money laundering concerns), the 180 day disposal timeframe, factors for quantifying the compounding sum, mandatory payment within fifteen days by demand draft, and referral of certain matters to investigative agencies. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8139